2020/2021 Special Circumstance
Income Reduction/Unusual Situation
Approved Special Circumstances do not guarantee any additional aid will be awarded.
Excluding peak periods, the estimated timeframe for a review is 6 to 8 weeks.
William Peace University Tel: 919.508.2349
Office of Financial Aid Fax: 919.508.2325
15 E. Peace St. Raleigh, NC 27604 Email: FinAid@peace.edu
Students Name: _____________________________________ ID: ___________________
A professional judgement allows a school’s financial aid administrator to re-evaluate and to possibly
adjust or make changes to the data elements on the Free Application for Federal Student Aid (FAFSA)
as it relates to the family’s income and assets generating a new estimated family contribution (EFC)
This form should only be used AFTER the current FAFSA has been submitted. You are completing this
form because you or your parent indicated a recent unusual or extenuating circumstance.
Each request for review is evaluated on an individual basis. In order to have your award re-evaluated
your initial award must be processed first, especially if selected for verification. Circumstances which
might be considered unusual or extenuating may include but not limited to areas listed below. Please
check the situation that applies:
Income Reduction (Income will be less in 2019 or 2020 than in 2018):
Loss of Employment
Decrease in salary/wages
Exceptions to normal income (inheritance, IRA withdrawal, etc.)
Loss of business/farm due to bankruptcy, foreclosure, etc.
Other situation not listed above (Please explain in detail)
The below documentation is REQUIRED for the review of your application
• A detailed statement explaining your circumstance, signed and dated.
o Copy of 2019 Federal Tax Return or last pay stub for 2020
o Income Reductions:
▪ 2019 W2’s
▪ Last pay stub